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Uruguay signs agreement with China

China and Uruguay signed a memorandum of understanding that enables the South American country to join the so-called “New Silk Routes.” Through this great global investment plan launched by Beijing, Montevideo hopes that Chinese firms will support infrastructure construction projects in the country.

Uruguay’s political and social stability, combined with its solid democracy and the guarantees offered to foreign investors in its territory, are incentives for Chinese companies to invest in these and other projects in this Southern Cone country, the Uruguayan Foreign Relations Minister said.